Italian post office Poste Italiane is studying plans to create a fleet of private aircraft to deliver post. The move reflects the below par performance of express deliveries, which have failed to reached set standards
Read MoreThe Swedish mobile
Internet consultancy AU-System has signed a general agreement with Posten IT
to supply IT consulting services to all areas of the Swedish national postal
service.
CNF Inc. (CNF) stunned investors Wednesday when it warned that it would lose between 15 cents and 20 cents a share in the third quarter because of continuing declines in air cargo volumes and the costs of grounding its cargo airline and shifting to leased aircraft. Wall Street analysts had expected the carrier to earn 22 cents a share, according to analysts surveyed by Thomson Financial/First Call, even after CNF’s Aug. 13 decision to ground its Emery Worldwide Airlines. The net cost of grounding the airline will total $16 million in the quarter, the company disclosed, well above the $10 million many analysts and fund managers expected. News of the pending loss sent shares of the Palo Alto, Calif., company down nearly $2, or 7.1%, to close Wednesday at $25.66 a share. Volume exceeded 864,000 shares, compared with average daily volume of 348,200. CNF also said it would sustain unspecified losses because of the temporary grounding of air freight service in the wake of last week’s terrorist attacks in New York and Washington, D.C. Besides the high cost of switching to a leased fleet of aircraft, it appears the decline in freight volume at its Emery Worldwide unit is deepening, not leveling out as many expected.
Read MoreUnited Parcel Service Inc. won’t have to pay $1.8 billion in back taxes, as a federal appeals court declined the Internal Revenue Service’s request to hear further arguments on the matter. A U.S. Circuit Court of Appeals in Atlanta rejected the IRS’s request that the entire court revisit the case. In June, a three-judge panel of the court overturned a 1999 ruling that ordered the world’s largest package-delivery company to pay the tax bill.”
Read MoreLa Poste, the French post office, is to recruit 3,000 temporary staff and call on 1,000 of its retired employees to back up services at its branches for the transition to the euro, scheduled for January 1 next year.
Read MoreBrussels-based Ziegler Group, which operates worldwide, recently acquired French transport and forwarding companies Trans Service, based in Rouen. Châtel Transports. headquartered in Raveux, and Bordeaux-based Societé de Transports. Transit et Magasinage (SUM), a wine storage and transport specialist.
Read MoreMAANDA Manyatshe, the SA Post Office’s CEO, whose task it is to clean up the
money-losing organisation, is hesitant to use his office to talk about issues
he faces. Meetings are convened at hotels or coffee shops outside the Post Office’s
headquarters in Pretoria, signalling the depth of distrust that permeates
throughout the embattled organisation.
The State Postal Bureau (China Post) needs to restructure management systems and business operations in order to become a modern logistics provider, industry experts say.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
